Krogerus advises Axel Johnson International on the acquisition of five companies from SKS Group

Krogerus advises Axel Johnson International on the acquisition of five companies offering products and services to the Nordic machine and equipment-building industry from SKS Group.

The transaction is subject to merger control approval and includes the companies SKS Control Oy, SKS Mechatronics Oy, SKS Mekaniikka Oy, SKS Sweden AB and SKS Tehnika OÜ operating in Finland, Sweden and Estonia with a combined turnover of EUR 40 million. Their products include mechanical power transmission components, such as gears and motors, belts and linear motion components.

Axel Johnson International is a privately owned Swedish industrial group of more than 90 companies in 25 countries with combined annual sales of EUR 750 million.

Partner Marcus Möller led the Krogerus team and he was primarily assisted by senior associate Lauri Raade. Partner Sami Laine led the advice on separation matters and partner Leena Lindberg led the advice on competition law matters.